Mullen Provides Update On Stock Buyback Program With An Additional Repurchase Of 2M In Shares Of Its Common Stock. The Buyback Program Started On Aug. 16, 2023, And Can Continue Through Dec. 31, 2023.
Mullen Provides Update On Stock Buyback Program With An Additional Repurchase Of 2M In Shares Of Its Common Stock. The Buyback Program Started On Aug. 16, 2023, And Can Continue Through Dec. 31, 2023.
Mullen Automotive Inc. (NASDAQ:MULN) ("Mullen" or the "Company"), an emerging electric vehicle ("EV") manufacturer, announces an update on the Company's stock buyback program with an additional repurchase of 2,000,000 in shares of its common stock. The buyback program started on Aug. 16, 2023, and can continue through Dec. 31, 2023.
新興電動汽車（“EV”）製造商馬倫汽車公司（納斯達克股票代碼：MULN）（“馬倫” 或 “公司”）宣佈了公司股票回購計劃的最新情況，將額外回購其200萬股普通股。回購計劃始於2023年8月16日，並將持續到2023年12月31日。
As of today's date, the Company has repurchased $5,610,600 in shares of its common stock, which includes an additional 2,000,000 shares in new purchases since the Company's original announcement on Aug. 17, 2023.
截至今日，該公司已回購了5,610,600美元的普通股，其中包括自公司於2023年8月17日首次宣佈以來新購買的200萬股。
"As I have stated on many prior occasions, I believe that our stock is undervalued. The Company has a strong balance sheet and we continue to execute on our business plan, including our recent Class 3 production start with the first vehicles rolling off the line," said David Michery, CEO and chairman of Mullen Automotive.
“正如我之前多次說過的那樣，我認爲我們的股票被低估了。Mullen Automotive首席執行官兼董事長戴維·米切裏說，該公司的資產負債表強勁，我們將繼續執行我們的商業計劃，包括我們最近的三級汽車開始生產，第一批汽車下線。
On July 6, 2023, the Board of Directors (the "Board") of the Company authorized a stock buyback program, pursuant to which the Company may, until Dec. 31, 2023, purchase up to $25 million in shares of its outstanding common stock. The shares may be repurchased, from time to time, in the open market or in privately negotiated transactions depending upon market conditions and other factors, and in accordance with applicable regulations of the Securities and Exchange Commission (the "SEC"). The authorization of the stock buyback program does not obligate the Company to purchase any shares and may be terminated or amended by the Board at any time prior to its expiration date.
2023年7月6日，公司董事會（“董事會”）批准了一項股票回購計劃，根據該計劃，公司可以在2023年12月31日之前購買不超過2500萬美元的已發行普通股。根據市場狀況和其他因素，並根據美國證券交易委員會（“SEC”）的適用法規，可以不時地在公開市場或私下談判的交易中回購這些股票。股票回購計劃的授權並不使公司有義務購買任何股票，董事會可以在其到期日之前的任何時候終止或修改。
For more information on Mullen Automotive or SEC public filings, please visit the investor relations section of Mullen's website or SEC.gov.
有關馬倫汽車或美國證券交易委員會公開文件的更多信息，請訪問馬倫網站或Sec.gov的投資者關係部分。